Teenagers snatch chains to become cricketers, arrested; gold worth Rs 27 lakh seized

coastaldigest.com web desk
July 10, 2018

Bengaluru, Jul 10: Two boys, who had aspired to become national level cricketers, were arrested by the South division police here for allegedly snatching chains to raise money for coaching.

The accused have been identified as Naveen Shetty, 19, a resident of Lingarajapuram, and Bala Kumar, 19, from Kanakadasa Layout.

In fact they were in need of mere Rs 30 thousand to get coaching. With the first chain snatching attempt becoming a success, the duo went on to rob 22 people and got valuables worth Rs 30 lakh before they were caught by the police on Sunday.

The police have recovered Rs 27 lakh worth of gold ornaments from the duo. The Jayanagar police, who arrested the accused, claimed to have solved 22 cases of chain snatching registered in different police stations in the city.

The accused, to get enough money for cricket training and cricket kit, took to chain snatching on a bike which they had stolen eight months ago. Naveen and Balkumar, who were friends since their school days in Tumakuru, had dropped out of school, the police said.

Balkumar worked at a television shop and was a part-time cook at a hotel, while Naveen drove an autorickshaw. Though they were pursuing different jobs, they shared the dream of playing cricket for India.

The duo, who wanted to join the Indian cricket team as openers, approached the Karnataka Institute of Cricket and inquired about the fees. The accused were told that they need to deposit Rs 30,000 every year besides paying for cricket kit. Let down by the hefty fees, the duo started watching others play on the ground for days when they shared their desire with one of their friends who advised them to take a shortcut to earn money. He told them to take up chain snatching as it was easier than other crimes. Once started, the duo never stopped, the police said.

Once they got involved in chain-snatching, they forgot their cricketing dream and turned into full-time criminals. They wore leather jackets and put on red and black helmets to target lone women, the police said.

Recently, the accused had robbed a woman near Brindavan Park in Jayanagar when a police constable Srinivas spotted them trying to escape on a bike. Srinivas informed the police station following which nakabandi was put in place.

The constable chased the accused on his bike and eventually hit their bike near NMKRV College. As the accused fell off their bike, the police arrested them. During the interrogation they confessed to snatching the chain near the park and also opened up about other cases.

Comments

Suresh
 - 
Tuesday, 10 Jul 2018

Exactly Farooq and Ramprasad. +1

Farooq
 - 
Tuesday, 10 Jul 2018

Victim of a corrupted system. If BCCI not doing backdoor entry to national cricket team then this guy wouldnt do such crime

Ramprasad
 - 
Tuesday, 10 Jul 2018

Indian cricket team selection committee/board equally responsible for the crime. They are taking money for the selection and they are doing back door entry also. Talent, without money cant survive.

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News Network
July 25,2020

Dubai, Jul 25: The founder of NMC Health, BR Shetty, has had a worldwide freezing order placed on his assets at the request of a lender that claims he has defaulted on a loan of more than $8 million (Dh29.4m).

The order was granted to Credit Europe Bank (Dubai) last month ahead of a claim filed at the DIFC Courts against Mr Shetty, New Medical Centre Trading and NMC Healthcare.

The lender said in its claim they “are jointly and severally liable” for the repayment of money initially secured through a credit agreement in December 2013 and renegotiated in December last year. Credit Europe Bank is an Amsterdam-headquartered institution specialising in trade and commodities finance with operations in nine countries.

The credit agreement was guaranteed by two security cheques which the bank said in its claim were signed by Mr Shetty – one drawn on his personal account and another on the account of New Medical Centre Trading – that have been "dishonoured upon presentation due to insufficient funds".

The bank claimed Mr Shetty “has now fled the jurisdiction of the UAE to India” and that there was a risk of his “substantial” assets in the Emirates being dissipated.

The assets frozen include properties in Abu Dhabi and Dubai, as well as shares in NMC Health, Finablr, BRS Investment Holdings and other companies. It allows for up to $7,000 per week to be spent on “ordinary living expenses and reasonable sum[s] on legal advice and representation”, a DIFC Courts document granting the freezing order shows.

Credit Europe Bank declined to comment when contacted by The National, stating it does not comment on ongoing litigation proceedings. Representatives for Mr Shetty and for NMC Healthcare, which is now being run by administrators Alvarez & Marsal, also declined to comment.

NMC Healthcare was founded by Mr Shetty in 1975 and grew from a single hospital into the UAE’s biggest privately-owned healthcare operator, which employed 2,000 doctors and 20,000 other staff. The company was listed on the London stock exchange and at its peak was valued at £8.58 billion (Dh40bn). However, its shares slumped after short seller Muddy Waters Research issued a report in December 2019 alleging the company had inflated its cash balances, overpaid for assets and understated its debts. This led to a string of damaging revelations by the company, including the fact that its debt was materially higher – at $6.6bn – than the $2.1bn on its balance sheet. NMC Healthcare was placed into administration in April by its biggest creditor, Abu Dhabi Commercial Bank, but its UAE businesses continue to trade as a going concern.

Mr Shetty said in a statement issued in April that he has been a victim of fraud committed by "a small group of current and former executives” at companies owned by him. He said bank accounts were created in his name and transactions were made without his knowledge, and that loans, cheques and bank transfers were also fraudulently guaranteed in his name using his forged signature.

In response to the claim filed by Credit Europe Bank (Dubai) at the DIFC Courts, Mr Shetty says he did not personally guarantee loans made to NMC Trading or NMC Healthcare and that the signatures used on cheques guaranteeing the loans are forgeries. His defence cites the opinion of “Dr Al Bah, an independent, experienced and qualified forensic document examiner”, that someone other than Mr Shetty signed the lending agreements and cheques.

An application by NMC Trading and NMC Healthcare to the DIFC Courts to have the claim against it heard in private for fear of triggering claims by other lenders – the group owes money to around 80 local, regional and international lenders – was dismissed, given that the appointment of administrators at the group and allegations of fraud at the company are already in the public domain.

Both companies have indicated to DIFC Courts that they intend to contest the claim against them.

Comments

UAE Muslim
 - 
Sunday, 26 Jul 2020

give money to RSS now to kill muslim....GOD will turn the table for moran like you BR,...shamed of tulu guy cheated the UAE govennment...not root in hell

ANONYMOUS
 - 
Saturday, 25 Jul 2020

amount should be 8 billion dollar and not 8 million dollar

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News Network
March 11,2020

Belagavi, Mar 11: Five people drowned while taking bath at various places after celebrating the festival of colour, Holi, in the district, police said on Wednesday.

The deceased were identified as Bhahubali G Mallashetty (29) native of Halaga Village in Belagavi Taluk, Prakash L Pattanashetty (23) native of karikatti village, Shashikant Anand Kolkar (22) native of Marakumbi village in Savadhatti Taluk, Vinayak Kumbar (25) from Khanapaur Taluk and Sagar Yamaji (23) from Raibag Taluk.

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News Network
April 24,2020

Bengaluru, Apr 24: Karnataka Chief Minister BS Yediyurappa on Thursday held a meeting with state officials to address the situation in the wake of COVID-19 pandemic.

Due to COVID-19, the prices of the crops have come down. It was instructed to buy those vegetables and keep them in cold storage and then sell. It was also instructed to export fruits, vegetables which cannot be kept for a long time to other states and countries.

Wherever there is a scarcity of drinking water, it was decided to supply water immediately.
Chief Minister Yediyurappa had earlier spoken to Union Minister Sadananda Gowda and took information regarding fertilisers.

As fertilisers' demand is less in the international market, the Union minister for fertilisers said that farmers will be given fertilisers at less than the actual price.

As some of the associations/guilds have violated the lease conditions by not starting the actual work which they have got the land for in Bengaluru, they have been instructed to return the land to the government where the lease conditions have been violated.

As far as the irrigation department is concerned, much water is stored in dams. It was decided to utilise the same for the cultivation of crops and for the purpose of drinking.

As far as the education department is concerned, it was instructed to give online training to students.

With the help of state television channel Doordarshan, it has been decided to teach students about the syllabus and other activities till the reopening of school.

The KSRTC has lost hundreds of crore due to the reduction in bus services due to COVID-19. So, they were instructed to use buses to transport goods to generate revenue.

The government also decided that salary for the doctors, who are working on a contract basis against COVID-19, will be increased significantly.

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